John Oliver Makes Daily Fantasy Sports Commercial You’ll Actually Want to Watch

NY convinced a state court late Monday to reject demands from DraftKings and FanDuel-two popular fantasy sports operators-to issue restraining orders blocking the state attorney general from making good on his threats to shut them down in NY. He also notified the firm’s business partners, such as payment processing companies, that they could no longer provide services for NY players. “On that record, and because there will be an emergency hearing next week, the Court determined that no TRO was necessary”.

The fantasy sports companies say they are well within the law.

Daily fantasy sports advocates consider the activity legal through a loophole in the Unlawful Internet Gambling Enforcement Act of 2006 – the United States law that banned online poker – that exempts games of skill. New York’s attorney general has sent letters to daily fantasy sports websites DraftKings and FanDuel demanding they turn over details of any investigations into their employees on Tuesday, October 6, 2015.

On Monday, NY State Sen.

NY has more daily fantasy sports players than any other US state, according to Eilers Research, so being forced to shut down there could cripple the fast-growing, multibillion-dollar industry.

“We’re saying that to have a truly level playing field, any type of gambling that wants to operate in NY has to have an exemption the same way the horse guys got it, the same way the casino people got it”, Schneiderman said.

The move comes days after DraftKings and FanDuel filed court papers in state Supreme Court in Manhattan askiing a judge to rule on the legality of their businesses.

In the meantime, DraftKings said in a statement that it would continue doing business with NY customers. But Haas, of DraftKings, argues the increased scrutiny at home makes global expansion all the more critical to his company’s outlook. Both daily fantasy sites filed a lawsuit against Schneiderman on Friday to contest his order. It’s a $3.7 billion-a-year business already and is expected to reach almost $18 billion by 2020. Previously, a spokesman said the companies are operating illegally. “Fantasy sports are effectively dominated by numbers nerds with sophisticated algorithms”, he explained.